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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. of around 16% of GDP to as much as 20% by 2020.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. 2012 Chinese Auto Industry Development Report. By 2020, average passenger car fuel consumption is to drop to 5.0

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2020 Hyundai Sonata Hybrid $249 lease tops June plug-in, hybrid, electric car deals

Green Car Reports

Although the cheap low-interest or no-interest financing deals for new vehicles have mostly gone away, as the auto industry recalibrates supply to a new coronavirus-recovery norm for demand, many of them are still good through June in the green-car sector—leading to some standout deals for electric cars, plug-in hybrids, and hybrid vehicles. (..)

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The Auto Industry Must Aim 100% Electrification In 2 & 3-wheeler Segments Says Amitabh Kant

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According to the Federation of Automotive Dealers Associations (FADA), electric two-wheeler retail sales were 2,31,338 units last fiscal year, up from 41,046 units in 2020-21. Total Electric Vehicle (EV) retails reached 4,29,217 units in 2021-22, up from 1,34,821 units in the fiscal year 2020-21, according to the dealers association.

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Tesla Giga Shanghai aims for 500k annual output for 2021: report

Teslarati

During discussions, Tesla’s Global VP revealed that Giga Shanghai has achieved high production efficiency and aims to reach an annual output of 500,000 vehicles by the end of the year, as per a report from Sina Finance. . The company surpassed its 2020 guidance last quarter. ” .

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

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How President Obama Can Announce Drive Star to Cut Oil Use in Half by 2020. Well, America’s auto industry delivered over 100,000. That helped us become the world’s greatest industrial power. It helps that the auto industry will be building more efficient new vehicles. Today we are under attack.

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Rivian IPO: What you need to know

Teslarati

It would also overtake longtime players in the auto segment, such as Japanese carmakers Honda Motor Co., The Finances So Far. Rivian’s S-1 filing with the SEC has provided a glimpse of the company’s finances so far. In comparison, its R&D cost for 2020 stood at $766 million. ” Conclusion.